About Bitgesell
Bitgesell (BGL) is a cryptocurrency launched in 2020. Bitgesell has a current supply of 16,414,415.36674842 with 16,157,930.35674842 in circulation. The last known price of Bitgesell is 0.04705594 USD and is down -4.35 over the last 24 hours. It is currently trading on 21 active market(s) with $1,115.09 traded over the last 24 hours. More information can be found at
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Market Stats
Market Cap
$797.87K
FDV
$1.04M
Circ. Supply
16M BGL
Max Supply
21M BGL
Total Supply
16M BGL
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$255.15
-100%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$6.30
Price Change (1Y)
-39.35%
Additional info about Bitgesell
Recent trends
The latest BGL price is $0.0494. Compared to Bitgesell's value of $0.05 from 24 hours ago, there's been a 5% increase, while the current price is -3% down from $0.05 which was recorded one week ago. Bitgesell's all time high is $6.30, which was reached on April 13, 2022. This is a -99% change from its price today.
The current circulating supply of Bitgesell is 16,157,930. This is 77% of its max supply of 21,000,000 BGL and 98% of its total supply of 16,414,415. The market cap is currently $797.87K, which is a result of multiplying the current price of Bitgesell($0.05) by the total supply(16,414,415 BGL). The fully diluted valuation of Bitgesell is $1.04M. The diluted valuation of Bitgesell is $1.04M.
Market details
BGL vs markets
↘ 54.1%
BGL vs BTC
↘ 60.05%
BGL vs ETH
↘ 10.75%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
BNB Smart Chain | 0x2bA64EFB7A4Ec8983E22A49c81fa216AC33f383A |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.0494 | ↗ 5.18% |
1 Day | $0.0469 | ↗ 5.18% |
1 Week | $0.0508 | ↘ 2.88% |
1 Month | $0.0567 | ↘ 12.87% |
1 Year | $0.0814 | ↘ 39.35% |
FAQ
Bitgesell (BGL) is a digital currency that draws inspiration from Bitcoin, with a focus on enhanced features and efficiency. It is a decentralized cryptocurrency that operates on peer-to-peer technology, with no central authority managing transactions or issuing currency. Bitgesell is characterized by its SegWit implementation, smaller block weight compared to Bitcoin, and a scarcity rate due to annual halving. It also utilizes the Keccak hashing algorithm for improved efficiency and burns 90% of transaction fees. Bitgesell strives to enhance its speed, efficiency, and scarcity compared to Bitcoin, positioning itself as a digital store of value with a highly deflationary model.
Bitgesell operates on a decentralized network, enabling instant payments to anyone, anywhere in the world. It uses peer-to-peer technology to manage transactions and issue currency collectively by the network. Bitgesell's technical specifications include a block weight of 400KB, which is smaller than Bitcoin's, allowing for sufficient transaction throughput and competitive transaction mempool. This smaller block size also helps keep the blockchain compact, reducing storage requirements. Bitgesell also implements a process called halving, which reduces the rewards of mining crypto after each set of 210,000 blocks is mined, ensuring that the amount of currency in circulation does not increase exponentially.
Bitgesell seeks to provide a digital store of value, with a highly deflationary model that burns 90% of all transaction fees and decreases block size. This positions it as a potential digital store of value. Bitgesell combines the concept of "freigeld" and gold as traditional stores of value, adding more properties of digital gold through gradually increasing scarcity over time. This positions it as a potential tool for those seeking a digital asset that mimics the scarcity and value preservation characteristics of gold, but with the added benefits of digital currencies, such as instant global transactions.
Bitgesell is a community-driven project with no company behind it. It was created as a coin inspired by Bitcoin but with enhanced features aimed at improving efficiency and scarcity. The name Bitgesell is in honor of Silvio Gesell, a German merchant, theoretical economist, social activist, anarchist, and founder of Freiwirtschaft. Bitgesell was designed with an emphasis on deflationary aspects, compared to Bitcoin, burning 90% of all transaction fees and decreasing block size. Over time, Bitgesell has incorporated features such as SegWit implementation, a smaller block weight compared to Bitcoin, and a scarcity rate due to annual halving.
We update our Bitgesell to USD currency in real-time. Get the live price of Bitgesell on Coinbase.
The current market cap of Bitgesell is $797.87K. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bitgesell is $6.30. This all-time high is highest price paid for Bitgesell since it was launched.
Over the last 24 hours, the trading volume of Bitgesell is $255.15.
Assets that have a similar market cap to Bitgesell include Hakka.Finance, BitcoinZ, Dotmoovs, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Bitgesell is 16 million.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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